Hey, a Good WSJ Editorial!

http://online.wsj.com/article/SB123396742337359087.html If this reform were combined with a rationalization of the asset management business, American business would become much more competitive and investors' return would increase significantly. As things stand, we have a grotesque misalignment of incentives that benefits the management of public corporations and of asset management firms--at the expense of shareholders large and small. This was something that surprised me in law school--and the court cases that ensure management's advantage over shareholders are some of the most convoluted and unconvincing I've ever encountered.   This type of reform would have been more natural for a republican administration, but since we haven't had a real republican in there since when? Eisenhower? Hoover?